Trade Crisis? What Trade Crisis?

Kristian Behrens (), Gregory Corcos and Giordano Mion

The Review of Economics and Statistics, 2013, vol. 95, issue 2, 702-709

Abstract: We investigate the 2008–2009 trade collapse using microdata from a small open economy, Belgium. Belgian exports and imports mostly fell because of smaller quantities sold and unit prices charged rather than fewer firms, trading partners, and products being involved in trade. Our difference-in-difference results point to a fall in the demand for tradables as the main driver of the collapse. Finance and involvement in global value chains played a minor role. Firm-level exports-to-turnover and imports-to-intermediates ratios reveal a comparable collapse of domestic and cross-border operations. Overall, our results reject a crisis of cross-border trade per se. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Keywords: 2008–2009 trade collapse; Belgian microdata; margins of trade; difference-indifference (search for similar items in EconPapers)
JEL-codes: F01 F10 F14 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (170)

Downloads: (external link)
http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00287 link to full text PDF (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Trade crisis?: what trade crisis? (2013)
Working Paper: Trade crisis - what trade crisis? (2011)
Working Paper: Trade Crisis ? What Trade Crisis ? (2011)
Working Paper: Trade Crisis? What Trade Crisis? (2010)
Working Paper: Trade Crisis? What Trade Crisis? (2010)
Working Paper: Trade crisis? What trade crisis? (2010)
Working Paper: Trade crisis ? What trade crisis ? (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpr:restat:v:95:y:2013:i:2:p:702-709

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535

Access Statistics for this article

The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().